According to www.freightwaves.com, France-based CMA CGM Group has agreed to acquire FedEx Supply Chain—the contract logistics division of FedEx Corp.—for $1.4 billion in enterprise value. The deal, announced on Wednesday, July 1, 2026, is expected to close later this year pending routine regulatory approvals.
Strategic expansion in North America
The acquisition will nearly triple the size of Ceva Logistics’ North American contract logistics operations. Ceva Logistics, a wholly owned subsidiary of CMA CGM, currently ranks as the fifth largest global third-party logistics provider by gross revenue and the seventh largest warehouse operator by square footage, according to Armstrong & Associates. Post-acquisition, the combined entity will operate approximately 150 warehouses and maintain a North American workforce of 20,000 people across more than 240 locations.
Operational footprint and service scope
FedEx Supply Chain manages about 34 million square feet of warehousing space across 80 facilities and serves 130 customers. The unit employs roughly 10,000 people and provides integrated logistics services including inbound logistics, fulfillment, contract packaging, systems integration, returns processing, test/repair/refurbishment, and product liquidation. It was originally formed through FedEx’s 2015 acquisition of Genco Logistics.
Commercial alignment and network synergies
As part of the transaction, CMA CGM and FedEx (NYSE: FDX) will enter into multi-year commercial agreements covering air and ocean freight. Under the terms, CMA CGM will become a preferred ocean carrier for FedEx under a non-exclusive agreement. The companies also plan joint air cargo capacity solutions to increase aircraft utilization and expand flexible shipping options globally. These agreements are scheduled to commence in phased rollouts between now and 2028.
Strategic refocusing at FedEx
FedEx Supply Chain contributes less than 2% of FedEx’s consolidated annual revenue. The divestiture follows the spin-off of FedEx Freight—the company’s less-than-truckload business—on June 1, 2026. With this move, FedEx aims to sharpen its focus on high-value verticals such as healthcare, automotive, aerospace, and data centers. CEO Raj Subramaniam stated:
“Today’s announcement enables FedEx to further increase our focus on providing our unique expertise for high-value verticals, including healthcare, automotive, aerospace and data centers. By streamlining our portfolio, FedEx is better positioned to execute our long-term vision and continue to serve as the heartbeat of the industrial economy, delivering unmatched connectivity, reliability, and value to our customers globally.” — Raj Subramaniam, CEO of FedEx
CMA CGM’s U.S. investment commitment
Rodolphe Saadé, chairman and CEO of CMA CGM, emphasized the strategic importance of the deal for North American growth. He said:
“The acquisition and partnership with FedEx represent a major step in the development of Ceva Logistics and our logistics activities in North America. We are strengthening our ability to provide customers with integrated supply chain solutions. These deals also reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.” — Rodolphe Saadé, chairman and CEO of CMA CGM
This aligns with Saadé’s March 2025 announcement—made during a White House visit—that CMA CGM would expand its U.S. warehouse and logistics infrastructure amid heightened attention on supply chain resilience and trade policy.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
